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Priti Patel in talks over new migrant system

HOME SECRETARY Priti Patel has revealed the Australian government is advising ministers on plans to introduce a points-based system for migrants after Brexit.

Patel said that the Department of Home Affairs in Canberra was “engaging” with the Home Office over the new proposals.


Patel met Peter Dutton, her Australian counterpart, while both ministers were in the US for talks with Donald Trump’s administration last month. She said: “Peter Dutton is leading a department in Australia that’s only been around for two years.

“But they are engaging with us on the points-style immigration system discussion, something which we will be basing our own future immigration system on, to create a compassionate environment and ensure we allow the brightest and best to come to the UK in the future.”

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FCA

The FCA found both acted recklessly and were knowingly concerned in breaches by Carillion of the Market Abuse Regulation and the Listing Rules.

(Photo: Reuters) Reuters

FCA fines former Carillion finance directors £371,700 for market abuse

Highlights

  • Richard Adam fined £232,800 and Zafar Khan fined £138,900 for reckless conduct.
  • Pair aware of financial problems but failed to inform Board, audit committee or market.
  • Fines follow withdrawal of challenges after FCA found Market Abuse Regulation breaches.

The Financial Conduct Authority has fined two former finance directors of collapsed construction giant Carillion a total of £371,700 for their roles in issuing misleading market statements.

Richard Adam and Zafar Khan were both aware of serious financial troubles in Carillion's UK construction business but failed to reflect this in company announcements or alert the Board and audit committee, the regulator found.

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